UAE's ADNOC to push forward by a month, April-March term naphtha cycle

The UAE's Abu Dhabi National Oil Co (ADNOC) plans to shift its April 2013-March 2014 naphtha term cycle forward by a month. With this, its cycle will change to May 2013-April 2014 term cycle instead, as per Platts. Should the term be brought forward, it would be in line with ADNOC’s decision last year to change its January-December 2013 term contract into a February 2013-January 2014 cycle. Reasons for that change could not be confirmed at the time, nor could it be ascertained if the change would be a permanent one. ADNOC sells naphtha via three term contracts -- all 12-month cycles. Apart from the usual January-December and April-March term contracts, it also has a July-June cycle. It is not known yet if the refiner will likewise delay its July-June cycle by a month.
  More News  Post Your Comment
{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha